v3.20.2
Condensed Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues, net of allowances        
Total revenues, net of allowances $ 16,663,389 $ 4,784,087 $ 27,412,547 $ 14,560,898
Cost of Goods Sold        
Total cost of goods sold 9,114,092 3,304,118 15,784,464 10,726,293
Gross profit 7,549,297 1,479,969 11,628,083 3,834,605
Operating expenses:        
Selling, general and administrative expenses 6,423,593 3,549,480 15,480,432 8,807,483
Research and development 789,890 391,460 1,496,129 1,521,503
Total operating expenses 7,213,483 3,940,940 16,976,561 10,328,986
Income (loss) from operations 335,814 (2,460,971) (5,348,478) (6,494,381)
Other income (expense)        
Interest expense (214,979) (288,152) (804,504) (456,689)
Change in fair value of warrant derivative 59,781 4,769,363
Total other income (expense) (214,979) (228,371) (804,504) 4,312,674
Net income (loss) 120,835 (2,689,342) (6,152,982) (2,181,707)
Redemption of Series D Preferred Stock deemed dividend (1,295,294)
Common stock deemed dividend (2,137,190)
Net income (loss) attributable to common stockholders $ 120,835 $ (2,689,342) $ (7,488,276) $ (4,318,897)
Basic and diluted net loss per share attributed to common stockholders        
Basic net loss per common share $ 0.00 $ (0.87) $ (0.32) $ (2.27)
Basic weighted average common shares outstanding 38,414,631 3,084,456 23,154,481 1,906,179
Diluted net loss per common share $ 0.00 $ (0.87) $ (0.32) $ (2.27)
Diluted weighted average common shares outstanding 38,414,631 3,084,456 23,154,481 1,906,179
Metal Goods [Member]        
Revenues, net of allowances        
Total revenues, net of allowances $ 5,368,015 $ 2,527,734 $ 10,824,861 $ 6,443,984
Cost of Goods Sold        
Total cost of goods sold 2,906,559 1,759,091 6,559,020 4,733,524
Soft Goods [Member]        
Revenues, net of allowances        
Total revenues, net of allowances 11,295,374 2,256,353 16,587,686 8,116,914
Cost of Goods Sold        
Total cost of goods sold $ 6,207,533 $ 1,545,027 $ 9,225,444 $ 5,992,769

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